Comings & Goings

Credit Suisse First Boston continues to shed brokers. David Fenning and his partner, Chris Conroy, based in New York, moved over to UBS on Sept. 24, working at UBS' Sixth Avenue office in Manhattan; the two are million-dollar producers, according to sources. Fenning had been with CSFB and its predecessor, DLJ, for nine years. Prior to DLJ, Conroy had worked at Smith Barney. Meanwhile, Dallas-based

Advertisement

Credit Suisse First Boston continues to shed brokers. David Fenning and his partner, Chris Conroy, based in New York, moved over to UBS on Sept. 24, working at UBS' Sixth Avenue office in Manhattan; the two are million-dollar producers, according to sources. Fenning had been with CSFB and its predecessor, DLJ, for nine years. Prior to DLJ, Conroy had worked at Smith Barney. Meanwhile, Dallas-based Edward Heartfield, Karen Melissa Lowrey and Chris Green, who as a team produced more than $3 million, according to sources, moved in early September to Smith Barney from CSFB. Green and Heartfield had been with DLJ since 1997; Lowrey had been with DLJ since 1998.

Bear Stearns hired away high-net-worth specialist Michael Caso from Oppenheimer, where he had worked for 10 years. Caso will serve as a managing director of Bear's private client services division. Caso, who is based in Boston, specializes in money management and “structured derivative transactions” for high-net-worth investors, CEOs and institutions. Bear Stearns declined to release Caso's assets under management, but it is believed to be above $200 million.

In another move to bolster Schwab Institutional, the firm has hired Fred Petrino as vice president and business development officer of its Chicago branch. Petrino, who has been with Schwab for 15 years, previously worked as VP of Schwab's advisor network in the “Central United States.” He will be in charge of all the firm's Chicago operations.

By clicking below, I acknowledge and agree to Penton's Terms of Service
and to Penton's use of my contact information to communicate with me about Penton's or its third-party
partners' products, services, events and research opportunities. Penton's use of the information I
provide will be consistent with Penton's Privacy Policy.

I acknowledge and agree to Penton's Terms of Service and to Penton's
use of my contact information to communicate with me about offerings by
Penton, its brands, affiliates and/or third-party partners, consistent
with Penton's Privacy Policy.*

Webinars and White Papers

What does it take to lead a high performing team? Are you seeing the kind of ROI from your next gen advisors that you need to? Do you know what you need to do to ramp up next gen performance quickly and efficiently? There are ways to support the efforts of your next gen team to be more productive in less time, but you have to know the secrets to leading a high performance team....More

With the Fed poised to hike rates for the first time since 2006, many investors are concerned about the risks to their bond holdings. But rising rates also have positive aspects for some investors....More

These articles from the Investments & Wealth Monitor focus on the challenges of longevity and how families can prepare, maximizing wealth over increasing life expectancies with social security, and long-term care and asset protection....More

Small-cap growth stocks have turned in strong performances year to date, but various macroeconomic events and cross currents exist in today's market environment. Learn what's behind the gains and where the opportunities for small-cap stocks can be found going forward....More